99
99
Jan 15, 2013
01/13
by
MSNBCW
tv
eye 99
favorite 0
quote 0
the american people do not support raising the debt ceiling without reducing government ceiling at the same time. they speak so confident, don't they? it is almost as if they forget about the spending cuts the president already gave them over a year ago. let's try to help them figure it out a little bit with visual and audio assistance. >> i signed into law $1.4 trillion in spending cuts. two week ago, i signed a bill into law regarding revenue, by making sure the wealthiest americans begin to pay their fair share. when you add the money and the interest payments on the debt, that adds up to about $2.5 trillion in deficit reduction over the past two years, not counting the $400 billion saved from winding down the wars in iraq and afghanistan. so we have made progress. >> didn't president clinton say it was all about math? republicans can posture on the debt ceiling all they want. they know the truth. listen to john boehner two years ago. >> do you agree that defaulting on the full faith and credit of the united states would be a financial disaster? >> that would be a financial disaster
the american people do not support raising the debt ceiling without reducing government ceiling at the same time. they speak so confident, don't they? it is almost as if they forget about the spending cuts the president already gave them over a year ago. let's try to help them figure it out a little bit with visual and audio assistance. >> i signed into law $1.4 trillion in spending cuts. two week ago, i signed a bill into law regarding revenue, by making sure the wealthiest americans...
123
123
Jan 15, 2013
01/13
by
CNNW
tv
eye 123
favorite 0
quote 0
he responded by saying, quote, the american people do not support raising the debt ceiling without reducing government spending at the same time. >>> these pens are designed to be used only by one person, but an investigation discovered that many of them were used on multiple people. >>> are you in hawaii or going there anytime soon? surfers, beware. check out this video. it's a real-life jauss. two sharks were swimming dangerously close to the show. can you believe it? look at that. you could wade in and be bitten, eaten. last year there were a total of 11 shark attacks in hawaii. >> that's what i call dangerously close. >> oh, my goodness. >> so some people in the southeast waking up to the dual danger of flooding and ice. alexandra steele in the weather center. good morning. >> good morning, guys. each snow potentially for you around new york city. >> trifecta. >> there you go. we'll see it all. here's why, zoraida. what we've got is the stalled front and along the front we've got everything from rain, sleet, even freezing rain that will become a snow maker. what's happening in the pink,
he responded by saying, quote, the american people do not support raising the debt ceiling without reducing government spending at the same time. >>> these pens are designed to be used only by one person, but an investigation discovered that many of them were used on multiple people. >>> are you in hawaii or going there anytime soon? surfers, beware. check out this video. it's a real-life jauss. two sharks were swimming dangerously close to the show. can you believe it? look...
109
109
Oct 3, 2013
10/13
by
ALJAZAM
tv
eye 109
favorite 0
quote 0
severe cuts we need to reduce our obligation and our debt, not only current debt but our future debt. >> there has been a lot of talk about the divide in the republican party. what has this shutdown done to the party, itself? >> well, i think we have a faction in our party like democrats have in their party. ours are more vocal at this point. there is more attention brought to the tea party republicans. but having said that, the principal that they are fighting for is right: the president's own law was amended by the president. extraordinarily and without his power. remember, the president, the only way the president can and a law is going through congress. the president exempted businesses for a year and republicans were saying, mr. president, if you exe businesses, why not the individual? the president brought this on, himself. >> it doesn't have anything to do with the budget. >> well y did the president exempt businesses? it has everything to do with the budget, john because there is billions of dollars not coming in to the treasury to cover obamacare because of what the presiden
severe cuts we need to reduce our obligation and our debt, not only current debt but our future debt. >> there has been a lot of talk about the divide in the republican party. what has this shutdown done to the party, itself? >> well, i think we have a faction in our party like democrats have in their party. ours are more vocal at this point. there is more attention brought to the tea party republicans. but having said that, the principal that they are fighting for is right: the...
139
139
Jan 19, 2013
01/13
by
FOXNEWSW
tv
eye 139
favorite 0
quote 0
the gun debate and debt ceil job creation . will we see a different leadership style in his second term? >> i think one thing that is clear this time around, the american people voted to reduce the deficit in a balanced way. they voted to pass the comprehensive immigration reform . 90 percent of the american public supports universal background checks and one of the things that campaign supporters will make sure, he has a man date every time to enact the changes and the house republicans are responsive to what the american people voted for and public opinion is . you will see a lot of the ground support in the weeks ahead. >> let me ask you a question. what about the divide that remains between the president and republicans? will he make more of an effort to find common ground? >> i think the president certainly has done an outreach on both sides of the aisle and on issue after issue, he's willing to put a traditional democratic party orthodoxy to pass it in a bipartisan way. this ultimately is a bipartisan organization that se
the gun debate and debt ceil job creation . will we see a different leadership style in his second term? >> i think one thing that is clear this time around, the american people voted to reduce the deficit in a balanced way. they voted to pass the comprehensive immigration reform . 90 percent of the american public supports universal background checks and one of the things that campaign supporters will make sure, he has a man date every time to enact the changes and the house republicans...
103
103
Jan 5, 2013
01/13
by
FOXNEWSW
tv
eye 103
favorite 0
quote 0
ceiling and reducing the deficit . i don't think he will give in an inch. he's dug n and that is it a nonnegotiatable . it needs to be raised period. it is it silly to say we will not pay our bills . the issue is to reduce the deficit . it shouldn't be held hostage. it is it an artificial creation and nuts not to honor. and i would hope that i was ending the sequestitration and continuing resolution that expires in march that we do something about the deficit and it needs to be a good bit of spending cuts. that is it a issue. gentlemen good discussion thank you so much. and a new effort is underway to help those preserve the past. they are volunteering the services to save thousands of treasured photos . it is it a labor of love and we'll have more. if is it called care . it is helping super storm sandy victims replace what is seems at first irreplaceable. they rode out the house in ocean side new york. it is hardest thing . it destroid everything that was carefully boxed up. i found our wedding album that we had downs
ceiling and reducing the deficit . i don't think he will give in an inch. he's dug n and that is it a nonnegotiatable . it needs to be raised period. it is it silly to say we will not pay our bills . the issue is to reduce the deficit . it shouldn't be held hostage. it is it an artificial creation and nuts not to honor. and i would hope that i was ending the sequestitration and continuing resolution that expires in march that we do something about the deficit and it needs to be a good bit of...
39
39
Oct 10, 2013
10/13
by
CSPAN2
tv
eye 39
favorite 0
quote 0
the debt ceiling debate creates an opening for real progress in these areas. now is the time to work together on solutions that reduce our deficits and the our economy forward. it's time to make these hard decisions. thank you, mr. chairman. >> thank you, senator crapo. are there any other memos he would like to give brief opening statements? >> mr. president speak with senator reid. i think this is a very important hearing. we are on the verge of doing something that i think is not only unwise policy, but lies in the face of the constitution, 14 commitment says the bloody of the public debt of the united states authorized by law, including payment of pensions and bounties for services, and suppressing rebellion shall not be questioned. we are certainly questioning that as we get in this crisis. so this is not a trivial matter. our predecessors recognized the importance of paying the debt on time every time. it's right in our constitution and we are on the verge of breaching that sacred commitment that we have all taken. and i think everyone is in favor of lon
the debt ceiling debate creates an opening for real progress in these areas. now is the time to work together on solutions that reduce our deficits and the our economy forward. it's time to make these hard decisions. thank you, mr. chairman. >> thank you, senator crapo. are there any other memos he would like to give brief opening statements? >> mr. president speak with senator reid. i think this is a very important hearing. we are on the verge of doing something that i think is not...
102
102
Oct 8, 2013
10/13
by
MSNBCW
tv
eye 102
favorite 0
quote 0
we ought to tie spending reductions in a plan to reduce the deficit with the debt ceiling. every major spending reduction deal of the last 30 years has been done with the debt ceiling. the president is the one that is saying he wants to change that trend, and do this entire debt ceiling proposal without any efforts. >> with all due respect sir, the democrats have come down to about the paul ryan spending number. what you just talked about, the compromises you want, are still on the affordable care act, which are not about spending. that is a settled policy. you're still tying the affordable care act to raising the debt ceiling. you just did it. >> no, i mean, i -- you're -- i'm not -- we've got two issues here. the continuing resolution, the proposals i talked to about the affordable care act are connected with the continuing resolution. what i've told you with the debt ceiling is that we ought to focus on bringing spending reductions to the table like we have done with every major -- every president over the last 30 years. we ought to do it now, too. frankly, i think, thou
we ought to tie spending reductions in a plan to reduce the deficit with the debt ceiling. every major spending reduction deal of the last 30 years has been done with the debt ceiling. the president is the one that is saying he wants to change that trend, and do this entire debt ceiling proposal without any efforts. >> with all due respect sir, the democrats have come down to about the paul ryan spending number. what you just talked about, the compromises you want, are still on the...
95
95
Oct 1, 2013
10/13
by
MSNBC
tv
eye 95
favorite 0
quote 0
it does have ceos in wall street eyeing another date, the debt ceiling deadline. missing that could have real economic implications. contributor ben white is the chief economic correspondent at politico and force behind morning money. the biggest impact here is reducing confidence. help explain that. >> well, yeah, i mean as you see the dow going up and s&p as we mentioned, the shutdown was factored in and the sense on wall street it will be a short shutdown. they misinterpret how long it might be, we might get -- a shutdown is not a big impact day to day to the economy, a couple billion dollars the last time we did this in a $17 trillion economy, it's an impact on some individuals lives in the washington, d.c. metro area. but if it drags on, business confidence, which is already still sort of soft, remnant of the 2009 crisis, consumer confidence has been rising, but now could go back down again because you see a dysfunctional government. people don't care about a short shutdown but if you get close to a debt limt crisis or default, you'll see stocks go down and i
it does have ceos in wall street eyeing another date, the debt ceiling deadline. missing that could have real economic implications. contributor ben white is the chief economic correspondent at politico and force behind morning money. the biggest impact here is reducing confidence. help explain that. >> well, yeah, i mean as you see the dow going up and s&p as we mentioned, the shutdown was factored in and the sense on wall street it will be a short shutdown. they misinterpret how...
65
65
Oct 16, 2013
10/13
by
CNNW
tv
eye 65
favorite 0
quote 0
. >> you'll vote for a bill that extends the debt ceiling for a couple of weeks. >> in exchange for significant changes in reduction in spending. the cr debate is about obama care. it's a huge hole in our spending. it's going to great massive deficits about 50 billion more dollars to spend in the next year alone. $800 billion in the next decade and you can't balance the budget unless you deal with your brand new entitlement that's unfunded. >> people say it would cut spending. >> the cr disagrees with that. i won't let that pass. the cr disagrees with that. the only way it cuts spend is if you raid medicare. the president and harry reid won't raise medicare budget deficits often years will be increased $800 billion because of obama care. that's a fact. >> you would be willing to make cuts, i want to make it clear to those entitlement, things like medicare. >> we have had those votes. i've had those votes on numerous things. yes i will. we have to make some changes nine order to look to balance our budget. the debt ceiling is not the problem. the problem is the spending that continues to attempt
. >> you'll vote for a bill that extends the debt ceiling for a couple of weeks. >> in exchange for significant changes in reduction in spending. the cr debate is about obama care. it's a huge hole in our spending. it's going to great massive deficits about 50 billion more dollars to spend in the next year alone. $800 billion in the next decade and you can't balance the budget unless you deal with your brand new entitlement that's unfunded. >> people say it would cut spending....
233
233
Oct 17, 2013
10/13
by
WZDC
tv
eye 233
favorite 0
quote 0
. >> and just today, jp morgan said the impact of the shutdown and debt ceiling battle will reduce real gdp growth in the current quarter by a half percentage point. projected economic growth is forecast to be 2% in the fourth quarter. the good news, the bank does predict a slightly higher increase of growth in the fourth quarter of next year. >>> during the battle to fund the government before it was partially shutdown, there was a lot of talk for efforts to get a clean c.r., a congressional resolution or funding bill without any earmark, no strings attached but it didn't quite work out that way in the end. amonojaif aman jaifers has details. >> reporter: he was a multi millionaire when he died this year but they decided to squeeze in a provision granting his family $174,000 benefit. that wasn't the only unusual item in the bill. tucked into the fine print was $450 million for flood relief in colorado and a 2.4 billion-dollar grand to the veterans administration to help handle a massive claims backlog, but by far, the most controversial provision is one critics are already calling the
. >> and just today, jp morgan said the impact of the shutdown and debt ceiling battle will reduce real gdp growth in the current quarter by a half percentage point. projected economic growth is forecast to be 2% in the fourth quarter. the good news, the bank does predict a slightly higher increase of growth in the fourth quarter of next year. >>> during the battle to fund the government before it was partially shutdown, there was a lot of talk for efforts to get a clean c.r., a...
89
89
Oct 18, 2013
10/13
by
KQEH
tv
eye 89
favorite 0
quote 0
. >> and just today, jp morgan said the impact of the shutdown and debt ceiling battle will reduce real gdp growth in the current quarter by a half percentage point. projected economic growth is forecast to be 2% in the fourth quarter. the good news, the bank does predict a slightly higher increase of growth in the fourth quarter of next year. >>> during the battle to fund the government before it was partially shutdown, there was a lot of talk for efforts to get a clean c.r., a congressional resolution or funding bill without any earmark, no strings attached but it didn't quite work out that way in the end. amonojaif aman jaifers has details. >> reporter: he was a multi millionaire when he died this year but they decided to squeeze in a provision granting his family $174,000 benefit. that wasn't the only unusual item in the bill. tucked into the fine print was $450 million for flood relief in colorado and a 2.4 billion-dollar grand to the veterans administration to help handle a massive claims backlog, but by far, the most controversial provision is one critics are already calling the
. >> and just today, jp morgan said the impact of the shutdown and debt ceiling battle will reduce real gdp growth in the current quarter by a half percentage point. projected economic growth is forecast to be 2% in the fourth quarter. the good news, the bank does predict a slightly higher increase of growth in the fourth quarter of next year. >>> during the battle to fund the government before it was partially shutdown, there was a lot of talk for efforts to get a clean c.r., a...
140
140
Oct 14, 2013
10/13
by
KNTV
tv
eye 140
favorite 0
quote 0
in less than 72 hours it could go from bad to worse when the debt ceiling expires. congress has raised or reduced it without drama. we're risking the first ever default on the nation's bills. raising the debt ceiling does not give spending only to approval things like military pay and vbenefits. >> what a complete and utter wasted weekend of the leaders. amazing things had been moving thursday night into friday. another meeting of senate republicans and the is president. you had back and forths. things looked to be move aiing along. all of a sudden everything came grinding to a halt. poll numbers punishing republicans. house republicans essentially walked away leaving it to house republicans. path one is this negotiation going on in the senate. maybe they come up with the agreement that gets us through january. path two if that fails, the house caving in at the last minute and passing a quick six week extension and we'll do this all again a couple weeks before thanksgiving. >> tracey pots in washington for us. you saw the option chuck was telling us about. what's ne
in less than 72 hours it could go from bad to worse when the debt ceiling expires. congress has raised or reduced it without drama. we're risking the first ever default on the nation's bills. raising the debt ceiling does not give spending only to approval things like military pay and vbenefits. >> what a complete and utter wasted weekend of the leaders. amazing things had been moving thursday night into friday. another meeting of senate republicans and the is president. you had back and...
82
82
Jan 10, 2013
01/13
by
CSPAN
tv
eye 82
favorite 0
quote 0
perhaps you could reduce the debt ceiling and increase spending every time you reduce it. i do not know. it is a bizarre scenario. the democrats have said that revenue will be on the table as part of their position. it is not a given that if they do this, all 2 trillion will come from spending cuts. some will come from additional revenue as well. >> is sequestration happens, if congress did not stick with the budget control act, [indiscernible] >> is budget deals do not tend to stick around for long and altered very long. i would not read too much into this. even if they decide to leave it alone this year. in fy-14, this will be debated again. the amounts could change. they could go up or down. >> do you see sequestration happening? by that then so you are describing and the inability of congress to do anything. >> i'm not sure if that is the most likely outcome yet. of sequestration is going up. the odds of a deal to change it has gone down. a delay is still a possibility. they might delay it again by a few months. at some point, delays run out and you need to do somethin
perhaps you could reduce the debt ceiling and increase spending every time you reduce it. i do not know. it is a bizarre scenario. the democrats have said that revenue will be on the table as part of their position. it is not a given that if they do this, all 2 trillion will come from spending cuts. some will come from additional revenue as well. >> is sequestration happens, if congress did not stick with the budget control act, [indiscernible] >> is budget deals do not tend to...
59
59
Jul 28, 2013
07/13
by
CSPAN
tv
eye 59
favorite 0
quote 0
mulvaney from south carolina, said it is completely appropriate to use the debt ceiling or the c.r. to ask for changes to reduce the burdens of this law on americans. they have offered that 39 times. it is not going to happen. apparently, strategy is we are prepared to strike down government unless they will be bludgeoned into agreeing but to doing it our way if we do not do it our way, we will not do it anyway. that is what the budget conference is about and what this debate seems to be about. senator toomey on the other hand said this -- this has been the way we have been operating for a couple of years now. this is senator pat toomey, former chair of the club for growth, said, it is a disaster. it is a terrible way to run government. senator toomey and i do not always agree, but we agree very emphatically on that. congressman tom cole described the latest shutdown threat, which is what the previous three speakers had indicated, tom cole describes the latest threat as the political equivalent of throwing a temper tantrum. that is tom cole, chairman of the republican campaign commi
mulvaney from south carolina, said it is completely appropriate to use the debt ceiling or the c.r. to ask for changes to reduce the burdens of this law on americans. they have offered that 39 times. it is not going to happen. apparently, strategy is we are prepared to strike down government unless they will be bludgeoned into agreeing but to doing it our way if we do not do it our way, we will not do it anyway. that is what the budget conference is about and what this debate seems to be about....
106
106
Oct 16, 2013
10/13
by
MSNBC
tv
eye 106
favorite 0
quote 0
wrote the agency in a statement, although fitch continues to believe that the debt ceiling will be raised soon, the political brinksmanship and reduced financing flexibility could increase the risk of a u.s. default. before the deal was announced today, interest rates on short-term treasury bills spiked, driven by fears that the treasury would not be able to pay if the country defaults in the next few months. at reuters, it's argued the default has already begun. right now with the shutdown, we've already reached the point at which the government is breaking very important promises. indeed, we promise to pay hundreds of thousands of government employees a certain amount on certain dates. in return for their honest work. we have broken that promise. but with news of a deal brokered in the senate, markets are responding. joining us now is economic studies senior fellow at the brookings institution and columnist for "bloomberg view," justin wolfers, who's also a professor at the university of michigan. thanks for joining us. sorry you had to suffer through all those boring white guys speakin
wrote the agency in a statement, although fitch continues to believe that the debt ceiling will be raised soon, the political brinksmanship and reduced financing flexibility could increase the risk of a u.s. default. before the deal was announced today, interest rates on short-term treasury bills spiked, driven by fears that the treasury would not be able to pay if the country defaults in the next few months. at reuters, it's argued the default has already begun. right now with the shutdown,...
30
30
Sep 28, 2013
09/13
by
MSNBCW
tv
eye 30
favorite 0
quote 0
some of the uncertainty and we're still looking at a fight over the debt ceiling. it's like a hostage list from the republicans. >> i'm going to tell you, it pains me that folks would -- the republicans would threaten the full faith and credit of the united states of america. look, this institute pay bills that we have already made. >> right. >> basically what they're saying is, look, you have to give us something, so we can do what we're supposed to do, that is pay the bills of the american people. that's ludicrous. so the other thing is, there's not one single democrat that i know of, who has said that they have to have something to go out and pay the bills of the united states of america. >> right. >> all of the democrats are saying, this is our duty, this is what we're sworn to do, let's do it. the republicans are giving us a whole laundry list of things, whatever they couldn't get through the legislative process, they now are holding us hostage to this. >> it's a whole new form of governing by hostage taking. we have sound from president obama talking about th
some of the uncertainty and we're still looking at a fight over the debt ceiling. it's like a hostage list from the republicans. >> i'm going to tell you, it pains me that folks would -- the republicans would threaten the full faith and credit of the united states of america. look, this institute pay bills that we have already made. >> right. >> basically what they're saying is, look, you have to give us something, so we can do what we're supposed to do, that is pay the bills...
139
139
Jan 18, 2013
01/13
by
MSNBCW
tv
eye 139
favorite 0
quote 0
having it attached to the debt ceiling fight. >> thank you very much, mark. see you in d.c. for the inauguration. and have a great weekend, buddy. >> you, too. >>> up next from manti te'o's high hopes to lance armstrong admitting he's lied to us for years, should the scandals mat tore the men and women in washington? why they say d.c. lawmakers should be concerned about those two stories. at 1:45, the aflac duck was brought in with multiple lacerations to the wing and a fractured beak. surgery was successful, but he will be in a cast until it is fully healed, possibly several months. so, if the duck isn't able to work, how will he pay for his living expenses? aflac. like his rent and car payments? aflac. what about gas and groceries? aflac. cell phone? aflac, but i doubt he'll be using his phone for quite a while cause like i said, he has a fractured beak. [ male announcer ] send the aflac duck a get-well card at getwellduck.com. this is amazing, how did you find us? i thought we might be related, so i had a fiber analysis done and sure enough, we're family.
having it attached to the debt ceiling fight. >> thank you very much, mark. see you in d.c. for the inauguration. and have a great weekend, buddy. >> you, too. >>> up next from manti te'o's high hopes to lance armstrong admitting he's lied to us for years, should the scandals mat tore the men and women in washington? why they say d.c. lawmakers should be concerned about those two stories. at 1:45, the aflac duck was brought in with multiple lacerations to the wing and a...
49
49
Oct 11, 2013
10/13
by
CSPAN
tv
eye 49
favorite 0
quote 0
the debt ceiling debate creates an opening for real progress in these areas. now is the time to work together on solutions that reduce deficits and move our economy forward. it is time to make these hard decisions. >> are there any other members that would like to give brief opening statements? senator reid? >> i think this is a very important hearing. we are on the verge of doing something that is not only unwise policy but flies in the face of the constitution. the 14th amendment says the u.s., authorized by law, debts incurred and payment for bounties and services shall not be questioned. we are certainly questioning that. this is not a trivial matter. our forefathers and predecessors recognized the value of paying debts on time. we are on the verge of breaching that sacred commitment that we have all taken. and i think everyone is in favor of long-term and wise policies. but we are talking about within a few days reaching and defaulting on debt. i could not agree more with his comments. thank you for being here. using the debt ceiling as leverage is unwise
the debt ceiling debate creates an opening for real progress in these areas. now is the time to work together on solutions that reduce deficits and move our economy forward. it is time to make these hard decisions. >> are there any other members that would like to give brief opening statements? senator reid? >> i think this is a very important hearing. we are on the verge of doing something that is not only unwise policy but flies in the face of the constitution. the 14th amendment...
120
120
Jan 14, 2013
01/13
by
MSNBCW
tv
eye 120
favorite 0
quote 0
says the american people do not support raising the debt ceiling without reducing government spending at the same time. i don't actually have time to read the whole thing, but they are still going back to this notion that people want cuts, people want cuts, do not pay the bill without getting cuts in return. >> well, the problem is that -- and why the president wants to move this off the debt limit on to the budget is that nobody likes debt. debt is not popular. you ask -- if the question is would you like to have more debts? would you like to owe more money? of course people are going to say no. if the question is would you like to cut grandma's medicare, would you like to cut defense, then you get down to what is actually involved. in this situation, you know, the president can obey one law. there's a law that says you will spend some this money. then there's this other law that says you will not spend this money. he can't obey both of them at once. >> curt, the other thing that the president did over and over again was try and put some -- put this negotiation, this battle, if you w
says the american people do not support raising the debt ceiling without reducing government spending at the same time. i don't actually have time to read the whole thing, but they are still going back to this notion that people want cuts, people want cuts, do not pay the bill without getting cuts in return. >> well, the problem is that -- and why the president wants to move this off the debt limit on to the budget is that nobody likes debt. debt is not popular. you ask -- if the question...
86
86
Jan 19, 2013
01/13
by
MSNBCW
tv
eye 86
favorite 0
quote 0
you want to do away with the debt ceiling law altogether. this is congressman jerry neven, this is what he had to say about it. take a listen. >> it is time to repeal the debt ceiling and today we're introducing legislation to do just that. instead of playing a game of chicken with the full faith and credit of the united states, we must deal with the economic and fiscal problems that face our nation responsibly without blackmail. >> congressman, why should congress step a bay from taway the debt limit process altogether? >> well, a statutory requirement to have a vote to increase the debt ceiling is unnecessary. it has served the purpose. back in 1939 that was enacted into law to try to create some flexibility so that the nation could obtain more favorable financing so we go from time to time, and you make increases in the debt ceiling to accommodate the need to borrow money to pay for the spending that you've already authorized, but now that is being used as a political weapon. one of my colleagues said that they've weaponized the statute,
you want to do away with the debt ceiling law altogether. this is congressman jerry neven, this is what he had to say about it. take a listen. >> it is time to repeal the debt ceiling and today we're introducing legislation to do just that. instead of playing a game of chicken with the full faith and credit of the united states, we must deal with the economic and fiscal problems that face our nation responsibly without blackmail. >> congressman, why should congress step a bay from...
110
110
Jan 15, 2013
01/13
by
KOFY
tv
eye 110
favorite 0
quote 0
they want corresponding spending cuts for every dollar that the debt ceiling is raised. today speaker of the house boehner said the american people do not support raising the debt ceiling without reducing government spending at the same time. president said he will negotiate spending cuts but not with the economy hanging in the balance. >> full faith credit of the united states of america is not a bargaining chip. >>reporter: president challenge is a lot of people we talked to today had no real grasp of what it meant to raise the debt ceiling f.congress raises the debt cell what does it do. puts us more in debt. >> it allows him to borrow more money. >>reporter: half the people we talked to had no idea what the debt ceiling was. she blamed lawmakers. >> i believe honestly they make things purposely confuse to go do whatever they want. >>reporter: so if the president wants to turn up the heat on house republicans he has to make the issue clear and as bruce explains, republicans need to decide if they really want to stand their ground on this issue at the risk of economic
they want corresponding spending cuts for every dollar that the debt ceiling is raised. today speaker of the house boehner said the american people do not support raising the debt ceiling without reducing government spending at the same time. president said he will negotiate spending cuts but not with the economy hanging in the balance. >> full faith credit of the united states of america is not a bargaining chip. >>reporter: president challenge is a lot of people we talked to today...
83
83
Oct 10, 2013
10/13
by
ALJAZAM
tv
eye 83
favorite 0
quote 0
to be bined by action on reducing the nation's debt. doing something about long-term deficit financing. the president has said that he wants a clean debt ceiling raise. so we think that speaker boehner is trying to sell members of his caucus on the debt ceiling, and not opening the government until something is added to it, by the affordable care act or other budgetary measures. >> and randall, it appears that the affordable care act, all of that may not be a thing of the pastas the news conference is being set up. >> we're hearing the hardliners talking about at least needing to amend the affordable care act, but not so much in terms of tying it to the reopening of government or the debt ceiling. so right now, what we're doing this morning, what we expect speak iser boehner to do, republicans are ready to approve a short-term raising of the debt ceiling, to the end of september. and president obama opened that window the other day, turning from the democrats who wanted a long-term debt ceiling deal. and president obama said if we can j
to be bined by action on reducing the nation's debt. doing something about long-term deficit financing. the president has said that he wants a clean debt ceiling raise. so we think that speaker boehner is trying to sell members of his caucus on the debt ceiling, and not opening the government until something is added to it, by the affordable care act or other budgetary measures. >> and randall, it appears that the affordable care act, all of that may not be a thing of the pastas the news...
269
269
Jan 15, 2013
01/13
by
CNNW
tv
eye 269
favorite 0
quote 1
ceiling without reducing government spending at the same time. you can see the battle lines there very clearly. are you in hawaii or headed there? think twice. beware of getting in the water. check out this video. that's right, sharks near oahu's yokohama beach, two sharks were spotted swimming very, very dangerously close to the shore. i hope that guy's feet are not in the water. >> wow, that is super shallow. >> if steve stockman was serious he would have mentioned secession. secession is the line -- >> that's so old. >> i'm just saying. >> don't open any can of worms when i need to go to a break. >>> polls are showing more americans support tougher gun control laws. is there any common ground in washington, d.c.? we'll talk with republican congressman greg walden next. >>> and miss america mallory hagan will be here with us live talking about gun control. we're back in a moment. mine was earned in djibouti, africa, 2004. the battle of bataan, 1942. [ all ] fort benning, georgia, in 1999. [ male announcer ] usaa auto insurance is often handed d
ceiling without reducing government spending at the same time. you can see the battle lines there very clearly. are you in hawaii or headed there? think twice. beware of getting in the water. check out this video. that's right, sharks near oahu's yokohama beach, two sharks were spotted swimming very, very dangerously close to the shore. i hope that guy's feet are not in the water. >> wow, that is super shallow. >> if steve stockman was serious he would have mentioned secession....
44
44
Oct 10, 2013
10/13
by
CSPAN
tv
eye 44
favorite 0
quote 0
when the debt limit was not increased until the very last minute. in the event of a default, a series of events would occur causing a domino effect resulting in higher mortgage rates and increasing costs of buying a home. historically, an increase in the mortgage rates of one percentage point reduces home sales by roughly 350,000 to 450,000. this would wipe out any increase in home sales predicted in 2014. a decline in home sales would also have a broader impact on our national economy. 900,000 fewer0 to jobs would be created azure a 1% in mortgage rates. $60,000 aower earning year and taking out a $200,000 mortgage, that one percent increase would raise the monthly principal and interest payment by nearly 10%. any decrease in the consumer's disposable income has brought economic report effects. higher mortgage rates and lower consumer confidence are both likely to follow in the event of a default. if we look back to the debt ceiling debate of 2011, consumer confidence plummeted 22% following the impasse. our economy has been able to bounce back fro
when the debt limit was not increased until the very last minute. in the event of a default, a series of events would occur causing a domino effect resulting in higher mortgage rates and increasing costs of buying a home. historically, an increase in the mortgage rates of one percentage point reduces home sales by roughly 350,000 to 450,000. this would wipe out any increase in home sales predicted in 2014. a decline in home sales would also have a broader impact on our national economy. 900,000...
87
87
Jan 28, 2013
01/13
by
FOXNEWS
tv
eye 87
favorite 0
quote 0
that would pay for the last debt ceiling increase. >> the looming deadline is march 1. deputy defense secretary ash carter warned friday that the pentagon's $800,000 civilian employees will face furloughs. and reduce paychecks starting in april, if sequestration is not avoided. pentagon is now planning to eliminate 46,000 temporary civilian workers as a result of these imminent budget cuts. >> i got a perfect storm coming up in the next few months. we have this whole crazy mechanism called sequester. that means $1 trillion will be cut across the board. $500 billion out of defense. across the board. >> in a meat ax approach that will hollow out the force if it happens. >> one of the nation's largest defense contractors general dynamics based in false church virginia reported $2 billion in losses. blaming the upcoming defense cuts. the aerospace industry association estimates that $450,000 jobs will be lost in virginia, maryland and washington, d.c. if dequest ration cuts take place in march, which could be devastating to the local economy. >> we are talking about somethi
that would pay for the last debt ceiling increase. >> the looming deadline is march 1. deputy defense secretary ash carter warned friday that the pentagon's $800,000 civilian employees will face furloughs. and reduce paychecks starting in april, if sequestration is not avoided. pentagon is now planning to eliminate 46,000 temporary civilian workers as a result of these imminent budget cuts. >> i got a perfect storm coming up in the next few months. we have this whole crazy mechanism...
72
72
Mar 20, 2013
03/13
by
CSPAN2
tv
eye 72
favorite 0
quote 0
could be disruptive to a significant degree, that we would raise the debt ceiling $2.1 trillion but we would reduce spending over ten years $2.1 trillion. well, we've already run up another $2.1 trillion in debt. we've already hit that. but they're proposing, and the president himself in his budget last january, six months -- less that six months after he signed the budget control act eliminating a little bit of the growth in spending, he's proposing to eliminate it, at least the sequester part of it, which is $1.2 trillion, 60%. so here are some other figures that are plain that the american people should know about this budget. it has a 60% spending increase over ten years, would increase spending 60%. it has $162 billion increase in spending next year, another stimulus bill. $7.3 trillion in new federal debt will be added under this budget over the next ten years. $1.5 trillion in tax increases. 80% increase in federal welfare and means-tested poverty spending. all the poverty programs, mean-tested programs would increase 80%. no reform of those programs but a big, big, big incre
could be disruptive to a significant degree, that we would raise the debt ceiling $2.1 trillion but we would reduce spending over ten years $2.1 trillion. well, we've already run up another $2.1 trillion in debt. we've already hit that. but they're proposing, and the president himself in his budget last january, six months -- less that six months after he signed the budget control act eliminating a little bit of the growth in spending, he's proposing to eliminate it, at least the sequester part...
94
94
Jan 9, 2013
01/13
by
CSPAN
tv
eye 94
favorite 0
quote 0
he will not negotiate over the debt ceiling. the threat itself is a problem. as we saw in the summer of 2011, the binary choice that republicans want to present, either we have medicare and social security or we take a global economy. i would think selling that would be very hard. >> you will not negotiate on this issue. they put out the principles of the produce something and they say they will. the cuts a dollar for every dollar increase and you're saying -- >> having seen that? >> this is what they say they're going to do going forward. >> words and actions. there has been very little specificity since the ricin plan which was lacking in specifics. if the position is we're going to a voucherize the -- here's the thing. congress has the authority to authorize money, right? not the president. contract of these bills. congress has to pay these bills. we're interested in a discussion and negotiation about getting our fiscal house in order. this president has signed into law over $2 trillion in deficit- reduction. he is eager to do more in a balanced way. it is
he will not negotiate over the debt ceiling. the threat itself is a problem. as we saw in the summer of 2011, the binary choice that republicans want to present, either we have medicare and social security or we take a global economy. i would think selling that would be very hard. >> you will not negotiate on this issue. they put out the principles of the produce something and they say they will. the cuts a dollar for every dollar increase and you're saying -- >> having seen that?...
70
70
Oct 17, 2013
10/13
by
MSNBC
tv
eye 70
favorite 0
quote 0
ceiling is reduced. i think there is a lesson that has been learned by many in the g.o.p. here and that is valuable. >> mark patterson i read a series of threats from the right wing conservatives. 114 republicans defied that. 87 republicans in the house of representatives. in this current climate with those threats from the lobbying groups were you surprised at what the yes vote turned out to be on the republican side? >> i was a little surprised although i think given what's transpired in the last few days, obviously people just wanted to put distance between themselves and the very negative reviews that this really ridiculous strategy has brought on the republican party. so i think it makes sense that people would do that. it's surprising the numbers. but i'm glad. however, i am concerned that the lesson may not be learned. no means no. that lesson may not be learned. the democrats sought to have a debt limit extension that was longer and the republicans said no. why? because for whatever reason they w
ceiling is reduced. i think there is a lesson that has been learned by many in the g.o.p. here and that is valuable. >> mark patterson i read a series of threats from the right wing conservatives. 114 republicans defied that. 87 republicans in the house of representatives. in this current climate with those threats from the lobbying groups were you surprised at what the yes vote turned out to be on the republican side? >> i was a little surprised although i think given what's...
129
129
Sep 18, 2013
09/13
by
CNBC
tv
eye 129
favorite 0
quote 0
how do we get to a point that we don't have to keep doing debt ceilings. we've reduced it the last three years. we want to continue to make the same forward progress. you do that by economic activity out there. if row can reform the tax code, you're going to get more economic activity happening. this is not the tax plan coming to it. it would be a proposal for how do we get to a tax plan. deadlines, date, expedited processes in the house and senate, that kind of structure over the next couple of months we can do that. keystone pipeline, you know extremely well tomorrow is the five-year anniversary of the permit request. now, this january they will have the southern leg of the keystone done. they permitted it and constructed 800 miles of pipeline from cushing oklahoma. so we think that has to get moving. we think there is entitlement reform parties that need to be done, modest reforms that the president has recommended that we have also recommended. so we think there is some common ground. we also want to deal with the sequester. a lot of people say we have
how do we get to a point that we don't have to keep doing debt ceilings. we've reduced it the last three years. we want to continue to make the same forward progress. you do that by economic activity out there. if row can reform the tax code, you're going to get more economic activity happening. this is not the tax plan coming to it. it would be a proposal for how do we get to a tax plan. deadlines, date, expedited processes in the house and senate, that kind of structure over the next couple...
174
174
Jan 6, 2013
01/13
by
MSNBCW
tv
eye 174
favorite 0
quote 0
. >> if you raise the debt ceiling by a dollar you should cut spending by a dollar that is the way to go forward. >> president obama insists he will not compromise raising the debt ceiling and said any future efforts to reduce the deficit must include a combination of higher revenues and spending cuts. joining me to talk about it jake sherman. senior editor for the new republic. noam wrote a book called "the escape artist." the president has declared that he will not negotiate over whether to raise the debt limit. why don't you believe him? >> well, i don't believe him for sort of practical reasons and partly for the history of his negotiating style. the practical reason is we have a couple of things coming up that he is clearly going to negotiate over, one of which is the sequester, the automatic spending cuts that they delayed for two months when they did the fiscal cliff deal. that is going to expire late february and early march. it is hard for them to say we are going to negotiate but don't call it a debt ceiling negotiation. we'll just call it a sequester negotiation. i think th
. >> if you raise the debt ceiling by a dollar you should cut spending by a dollar that is the way to go forward. >> president obama insists he will not compromise raising the debt ceiling and said any future efforts to reduce the deficit must include a combination of higher revenues and spending cuts. joining me to talk about it jake sherman. senior editor for the new republic. noam wrote a book called "the escape artist." the president has declared that he will not...
85
85
Feb 6, 2013
02/13
by
WTTG
tv
eye 85
favorite 0
quote 0
the deficit several times in 2011 and 2012 in excomping for republicans agreeing to raise the debt ceiling and they were pushed off again during the year-end fiscal cliff negotiations. why another short-term deal? the president seems to believe that wear just going to buy a little bit more time that maybe congress with finally come to some resolution on a larger package. but for their part, republicans are saying perhaps maybe now it is time to pay the piper. back to you. >> thank you. >>> in our top stories, a partial win for virginia governor bob mcdonnell's plan to overhaul the state transportation funding. yesterday, the senate deadlocked on a deal while the house approved a $3.1 billion transportation proposal. at the center of the bill getting rid of the 17-cent gas tax and replacing it with an increased sales tax. senate can now amend or kill the house version of the bill. virginia is joining maryland and d.c. with a ban on texting behind the wheel. senate and house lawmakers have approved bills that would make day primary offense meaning you can be ticketing for texting and driving
the deficit several times in 2011 and 2012 in excomping for republicans agreeing to raise the debt ceiling and they were pushed off again during the year-end fiscal cliff negotiations. why another short-term deal? the president seems to believe that wear just going to buy a little bit more time that maybe congress with finally come to some resolution on a larger package. but for their part, republicans are saying perhaps maybe now it is time to pay the piper. back to you. >> thank you....
55
55
Oct 7, 2013
10/13
by
CNNW
tv
eye 55
favorite 0
quote 0
the leverage of the debt ceiling has been the times when we've come together as a nation and worked to pass plans that would reduce spending. we ought to do it now. you know, it's the president and harry reid who are saying they won't negotiate. the house republican position is we want to come to the table and we're being told unless the president gets his way, that he won't come. >> well, here is what i would say. >> quickly. last comment. >> let's not use the debt ceiling. we've authorized these bills. let's pay our bills. but let's pug a real budget together, get everyone together in a room, learn how to listen to each other, and get a real budget that puts us on the right track. >> thank you very much best of luck to you. nice to see you, this is becoming a special event. you can come back any time. >> exactly. >> i just want to let our viewers know as they head off into the sunset together, you want to stay with cnn for a special coverage on the shutdown. tonight on piers morgan, it's going to be good. tune in at 9:00 eastern. don't miss it. >>> and something else you don't want t
the leverage of the debt ceiling has been the times when we've come together as a nation and worked to pass plans that would reduce spending. we ought to do it now. you know, it's the president and harry reid who are saying they won't negotiate. the house republican position is we want to come to the table and we're being told unless the president gets his way, that he won't come. >> well, here is what i would say. >> quickly. last comment. >> let's not use the debt ceiling....
184
184
Jan 14, 2013
01/13
by
MSNBCW
tv
eye 184
favorite 0
quote 0
fight over the debt ceiling, what comes first, but first, a look ahead at the president's schedule today. lots of off camera meetings. life live lunch. you're watching "the daily rundown" only on msnbc. [ man ] ring ring... progresso this reduced sodium soup says it may help lower cholesterol, how does it work? you just have to eat it as part of your heart healthy diet. step 1. eat the soup. all those veggies and beans, that's what may help lower your cholesterol and -- well that's easy [ male announcer ] progresso. you gotta taste this soup. here at the hutchison household. but one dark stormy evening... she needed a good meal and a good family. so we gave her purina cat chow complete. it's the best because it has something for all of our cats! and after a couple of weeks she was part of the family. we're so lucky that lucy picked us. [ female announcer ] purina cat chow complete. and for a delicious way to help maintain a healthy weight, try new purina cat chow healthy weight. and for a delicious way to help maintain a healthy weight, he's going to apply testosterone to his underarm. a
fight over the debt ceiling, what comes first, but first, a look ahead at the president's schedule today. lots of off camera meetings. life live lunch. you're watching "the daily rundown" only on msnbc. [ man ] ring ring... progresso this reduced sodium soup says it may help lower cholesterol, how does it work? you just have to eat it as part of your heart healthy diet. step 1. eat the soup. all those veggies and beans, that's what may help lower your cholesterol and -- well that's...
51
51
Oct 16, 2013
10/13
by
CSPAN2
tv
eye 51
favorite 0
quote 0
i'm here to tell you how this government shutdown and the fight over the debt ceiling are continually causing company layoffs and reduced production on government contracts. as a small business owner i'm deeply impacted by the events that unfolded over the last two weeks that a force our employees and their families to cope with the realities of this government shutdown. they now know what means other jobs and financial security place in jeopardy by events that are wholly outside of their control. as a result of the shutdown and light and has made difficult choices in the way we manage our human capital. comment layoffs due to comment shutdowns have become commonplace forcing us to say goodbye to some of our best and brightest employees. we were forced to furlough to employees due to loss of work at the department of justice and another 25 in the 14 days since october 1. those not presently affected by the layoffs live with the real danger of losing their jobs. meanwhile, they watch their elected representatives battle want another in a war of uncompromising positions. not only do i f
i'm here to tell you how this government shutdown and the fight over the debt ceiling are continually causing company layoffs and reduced production on government contracts. as a small business owner i'm deeply impacted by the events that unfolded over the last two weeks that a force our employees and their families to cope with the realities of this government shutdown. they now know what means other jobs and financial security place in jeopardy by events that are wholly outside of their...
53
53
Oct 11, 2013
10/13
by
CSPAN
tv
eye 53
favorite 0
quote 0
in your view, would failing to raise the debt ceiling make our debt and deficit situation better or worse? >> well, it doesn't do anything good. i mean, if the cost of borrowing goes up, it raises our expenditures, it doesn't reduce them. >> and if the cost of borrowing went up just 1 percent or 2 percent, we're at historically low interest rates, what would that cost us? >> you know, i would have to go back and do the numbers exactly to give you an answer. but, you know, these are -- we're talking billions of dollars, we are not talking about small numbers. >> so i think it's -- i mean, it's very clear, and ronald reagan shared this view. you quoted him earlier that this would just make matters worse. >> yes, it -- unless we were to do something unthinkable and say, we'll never pay those bills. you've got to pay the bills or then you're going to be borrowing money at a higher interest rate, so it only costs. >> which means that our interest costs are just going to continue to go up and our ability to do things like respond to the floods in colorado or be able educate our kids will be dim
in your view, would failing to raise the debt ceiling make our debt and deficit situation better or worse? >> well, it doesn't do anything good. i mean, if the cost of borrowing goes up, it raises our expenditures, it doesn't reduce them. >> and if the cost of borrowing went up just 1 percent or 2 percent, we're at historically low interest rates, what would that cost us? >> you know, i would have to go back and do the numbers exactly to give you an answer. but, you know,...
164
164
Jan 5, 2013
01/13
by
MSNBCW
tv
eye 164
favorite 0
quote 0
, to reduce spending in order to get their votes for increasing the debt ceiling. the president said he won't negotiate on that, an he's quite right. what they're really saying is by not raising the debt ceiling, we're not going to pay the bills that we voted to incur. we're going to permit the country to default and cause economic chaos. and destroy the country. they're basically saying we're going to blackmail everybody in the country. absolutely illegitimate. it's like an old gangster movie where someone says, nice economy you got there, it's going to blow up if you don't pay me protection money. that's what they're saying. it should not be indulged. but there are two ways of simply saying we're not going to talk about it. one is the 14th amendment which says the forthright nature of the united states will not be questioned, that a statue prevents you to paying the bills. the president for some reason said he won't do that. i've seen very good congressional arguments on both sides of that question. it's never been tested in court. it should. and the other questi
, to reduce spending in order to get their votes for increasing the debt ceiling. the president said he won't negotiate on that, an he's quite right. what they're really saying is by not raising the debt ceiling, we're not going to pay the bills that we voted to incur. we're going to permit the country to default and cause economic chaos. and destroy the country. they're basically saying we're going to blackmail everybody in the country. absolutely illegitimate. it's like an old gangster movie...